Property Tax 101

New Mexico Property & Real Estate Taxes

The median property tax in New Mexico is $880.00 per year, based on a median home value of $160,900.00 and a median effective property tax rate of 0.55%. You can look up your recent appraisal by filling out the form below.

New Mexico's Median Property Tax Is Lower Than Average

New Mexico collects relatively low property taxes, and is among the ten lowest states ranked by property tax collections. Keep in mind that low real estate taxes in New Mexico may be offset by higher state sales or income taxes. Higher property taxes in dollars may also be the result of higher property values than other states.

New Mexico Property Taxes By County

While this page shows statewide New Mexico property tax statistics, more precise property tax statistics can be found at county level. New Mexico has a total of thirty three counties, and each county has a unique process for assessing and calculating property tax.

If you would like to estimate the property tax on a home like yours in New Mexico, enter your most recent property valuation in the property tax estimator below. Results are based on median taxes in all counties, and will open in a new page.

All of the counties in New Mexico are listed in the table below, sorted by median property tax from highest to lowest, left to right. Choose your county from the list below for more information about your local property tax. To compare property taxes in different counties, try out our interactive property tax map of New Mexico.

Citations

U.S. Census Bureau American Community Survey, 2006-2010

The Tax Foundation Property Tax Calculations, July 2012

New Mexico Taxation and Revenue Department Tax Statistics & References